Large Location Icon

1876 S Rainbow Dr; Memphis, TN Property Details

1876 S Rainbow Dr, Memphis, TN is a Single Family that was built in 1948. This property is currently Financed and is not for sale. Our records show that 1876 S Rainbow Dr has 2 bedrooms, and 1 bathroom, and a total of 1,268 square feet. The lot size of 1876 S Rainbow Dr is 7,500 square feet.

Off market
1876 S Rainbow Dr Memphis, TN 38107
$32,400 Estimated Value
2 Beds
1 Baths
1,268 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1948
  • Purchase Price: $92,500
  • Open Loans / Balance: 1 / $62,229
  • Est. Equity / %: $72,771 / 53.9%
  • Gross Yield: 12.089%
  • APN: 04-1028-0-0009
  • Situs County: Shelby
  • Length Of Ownership: 5 years, 2 months

Rooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Stories: 1
  • Exterior Wall Type: Brick veneer
  • Building Condition: Average
  • Building Quality: D
  • Roof Type: Gable
  • Roof Cover Type: Composition Shingle

Measurements

  • Total: 1,268/SqFt
  • Lot: 7,500/SqFt
  • Gross: 1,488/SqFt
  • Garage: 220/SqFt
  • Living: 1,268/SqFt
  • Building: 1,488/SqFt
  • Ground: 1,268/SqFt
  • Price Per Square Foot: $72.95

Legal Description

  • Description: NSS RAINBOW DR
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Shelby County School District
  • Lat / Lon: 35.16424 / -89.99496
  • Subdivision: Colonial Terrace
  • Property Class: Residential
  • Zoning: R-6
  • County Use Code: 062

Amenities

  • Heating Fuel Type: Gas
  • Plus Four: 3113
  • Bathroom Fixtures: 3
  • Garage: Attached Garage
  • Heating: Forced air unit
  • Parking: 1

HOA

  • H O A One: $25
  • H O A Amount: $25
  • H O A One Name: Colonnial Terrace Association
  • H O A One Type: Home Owner Association

Ownership Info

1876 S Rainbow Dr has no associated ownership info
1876 S Rainbow Dr has no associated ownership info.

Taxes

1876 S Rainbow Dr has 10 associated Taxes items

1876 S Rainbow Dr, Memphis, TN pays taxes in Shelby County, TN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $32,400. The APN we've located for 1876 S Rainbow Dr is 04-1028-0-0009.

Unlock the full report
Taxes
  • Assessed Value:  $32,400
  • Assessed Year:  2025
  • Assessed County:  Shelby
  • APN:  04-1028-0-0009
  • Assessed Land Value:  7875
  • Market Land Value:  31500
  • Tax Amount:  871.56
  • Tax Year:  2025
  • Market Value:  129600
  • Market Year:  2025

Tax History

1876 S Rainbow Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $32,400 Land Value $7,875 Improvement Value $24,525 Tax Amount $871.56 Change Rate -0.132163% Assessed CR Tax Rate +0.0269%
Year 2024 Assessed Value $29,625 Land Value $2,425 Improvement Value $27,200 Tax Amount $1,004.29 Change Rate Assessed CR Tax Rate +0.0339%
Year 2023 Assessed Value $29,625 Land Value $2,425 Improvement Value $27,200 Tax Amount $1,004.29 Change Rate -0.443502% Assessed CR Tax Rate +0.0339%
Year 2022 Assessed Value $29,625 Land Value $2,425 Improvement Value $27,200 Tax Amount $1,804.66 Change Rate -0.011584% Assessed CR Tax Rate +0.060917%
Year 2021 Assessed Value $29,625 Land Value $2,425 Improvement Value $27,200 Tax Amount $1,825.81 Change Rate +1.666467% Assessed CR Tax Rate +0.061631%
Year 2020 Assessed Value $21,425 Land Value $2,425 Improvement Value $19,000 Tax Amount $684.73 Change Rate Assessed CR Tax Rate +0.031959%
Year 2019 Assessed Value $21,425 Land Value $2,425 Improvement Value $19,000 Tax Amount $684.73 Change Rate Assessed CR Tax Rate +0.031959%
Year 2018 Assessed Value $21,425 Land Value $2,425 Improvement Value $19,000 Tax Amount $684.73 Change Rate -0.023098% Assessed CR Tax Rate +0.031959%
Year 2017 Assessed Value $21,425 Land Value $2,425 Improvement Value $19,000 Tax Amount $700.92 Change Rate +0.19509% Assessed CR Tax Rate +0.032715%
Year 2016 Assessed Value $17,250 Land Value Improvement Value Tax Amount $586.5 Change Rate -0.221973% Assessed CR Tax Rate +0.034%
Year 2014 Assessed Value $17,250 Land Value Improvement Value Tax Amount $753.83 Change Rate +0.339309% Assessed CR Tax Rate +0.0437%
Year 2011 Assessed Value Land Value Improvement Value Tax Amount $562.85 Change Rate Assessed CR Tax Rate